The 80 Richest People in Ghana 2015

The Ghana Wealth Report for 2015 was released by Goodman AMC. The report is based on a comprehensive study of more than 100 successful entrepreneurs and investors in Ghana as well as how and what they invest in. This report makes known of fascinating insights about the profiles and net worth of the 80 richest people in Ghana and also provides a compendious review of the wealth sector in Ghana.
Findings from the report shows that tremendous amounts of wealth has been accumulated by Ghanaians during the past 20 years. The report has discovered some intriguing data about the wealthy in Ghana and how they impact on Ghana’s economy and policies.
Ghana’s 80 Richest People control $2.5 billion which represents 6.4% of Ghana’s GDP, they have a combined wealth of $29.3 billion total and employ over 150,000 Ghanaians directly.
Goodman AMC predicts that the wealth held by the wealthiest people in Ghana will rise 8.7% during Ghana’s election year in 2016 next year and decline by 2.1% in 2017.

It has also been quite clear from this report that 92% of the wealthy entrepreneurs and investors in Ghana do not have more capital invested in the Ghana Stock Exchange. The report notes that majority of them do not have equity allocations on the Ghana Stock Exchange and haven’t gone public with their businesses, though most increased their equity holdings in Dubai, Switzerland, South Africa and Frankfurt, Germany.
Another major observation by the Ghana Wealth Report by Goodman AMC ascertains the import reliability of Ghana’s economy; 83% of wealthy entrepreneurs in this report are engaged in the business of importing commodities into Ghana.
Goodman AMC’s Ghana Wealth Report discovered 3 billionaires and 77 multimillionaires who all form part of a group of individuals called the Ultra-High-Net-Worth Individuals (UHNWI). Goodman AMC placed the UHNWI cap at $100 million; meaning that only Ghanaian entrepreneurs and investors with a net worth of $100 million and above were considered for this report.

The Ultra-High-Net-Worth Individuals in Ghana are holding so much cash due and not investing in Ghana due to the current market volatility in the country and for lifestyle needs. This suggests that the current financial crisis in Ghana lingers on.
On the 80 Richest People in Ghana list, 5 are women; making Patricia Poku-Diaby the richest woman in Ghana with a net worth of $720 million followed by Theresa Oppong-Beeko, Kate Quartey-Papafio and Gifty Lamptey and Grace Amey-Obeng in that order.
According to this wealth report, Charles Ampofo is the richest person in Ghana and he made his fortune through Kampac Oil; an oil and gas firm based in the business hub of Dubai. He has a net worth of $1.46 billion.
The second on the rich list with an estimated net worth of $1.3 billion is Ernesto Taricone.The vast majority of Taricone’s wealth comes from real estate and his business interest in the aluminium, agriculture, construction and forestry.
The youngest multimillionaire currently in Ghana with a net worth of $125 million is Mike Nyinaku; he is 39 years and the founder of The BEIGE Group, with his primary source of wealth being The BEIGE Capital, a financial institution in Ghana.
The Ghana Wealth Report has also tracked the richest families in Ghana who inherited their wealth and continue to grow their family fortune. The wealthiest family in Ghana according to this Wealth Report is the Irani Family, whose wealth originated when 2 brothers Anthony Irani and Edward Irani both of Lebanese descent came into Ghana in 1967 and set up a flour mill. The Irani Brothers and Others Limited went on to become the largest producer of flour in Ghana.
They are followed by the Awuah-Darko Family who have made their fortune in the insurance and finance sector of Ghana’s economy. The current Awuah-Darko’s inherited VANGUARD Assurance from their late father, Nana Ampem Awuah Darko. The family has built on their late father’s legacy and fortune and now have 4 subsidiaries under the VANGUARD Group and about 10 other companies which are each owned by relatives

Real estate is the main industry from which Ghana’s Ultra-High-Net-Worth Individuals have acquired their wealth – it is the primary source of wealth for 11.25% of Ghana’s rich in this report. Other important industries for UHNWIs include finance and investment (16.25%), oil and gas (10%), mining (6.25%) and diversified (25%).

#1 CHARLES AMPOFO
Est. Net Worth: $1.46 Billion             
Source: OIL & GAS         

#2 ERNESTO TARICONE 
Est. Net Worth: $1.3 Billion              
Source: REAL ESTATE  

#3 SAM ESSON JONAH
Est. Net Worth: $1.2 Billion            
Source: INVESTMENTS

#4 NABIL EDMOND MOURKAZEL
Est. Net Worth: $900 Million            
Source: COMMODITIES

#5 MICHAEL IBRAHIM MAHAMA
Est. Net Worth: $860 Million           
Source: MINING

#6 MOHAMMED AHMED ODAYMAT
Est. Net Worth: $850 Million            
Source: DIVERSIFIED

#7 THE IRANI FAMILY
Est. Net Worth: $800 Million            
Source: FLOUR

#8 PATRICIA POKU-DIABY 
Est. Net Worth: $720 Million             
Source: COCOA, COTTON

#9 THE KALMONI FAMILY 
Est. Net Worth: $700 Million             
Source: DIVERSIFIED

#10 KWABENA DUFFUOR
Est. Net Worth: $680 Million            
Source: FINANCE

#11 THE AWUAH-DARKO FAMILY
Est. Net Worth: $650 Million           
Source: FINANCE

#12 MILAD MILLET & FAMILY
Est. Net Worth: $620 Million         
Source: TEXTILES

#13 JOSEPH SIAW AGYEPONG
Est. Net Worth: $600 Million           
Source: DIVERSIFIED

#14 RAMCHAND UDHARAM MOHINANI
Est. Net Worth: $580 Million            
Source: DIVERSIFIED

#15 ADAMU IDDRISU &FAMILY
Est. Net Worth: $550 Million            
Source: FINANCE, COCOA

#16 THE HITTI FAMILY
Est. Net Worth: $540 Million               
Source: DIVERSIFIED

#17 THE AZAR FAMILY 
Est. Net Worth: $520 Million                
Source: PAINTS

#18 KWABENA ADJARE DANQUAH
Est. Net Worth: $500 Million                
Source: ENGINEERING

#19GHASSAN YARED
Est. Net Worth: $480 Million                
Source: DIVERSIFIED 

#20 SERGE BAKALIAN
Est. Net Worth: $460 Million                 
Source: FLOUR

#21 THE BITAR FAMILY
Est. Net Worth: $450 Million                
Source: LUMBER

#22 THOMAS SVANIKIER
Est. Net Worth: $435 Million                
Source: DIVERSIFIED

#23 SAIED FAKHRY
Est. Net Worth: $430 Million              
Source: PLASTICS

#24 THERESA OPPONG-BEEKO
Est. Net Worth: $420 Million            
Source: REAL ESTATE

#25 PAPA KWESI NDOUM
Est. Net Worth: $410 Million             
Source: DIVERSIFIED

#26 KWABENA ADJEI
Est. Net Worth: $400 Million            
Source: ALCOHOL

#27 ENRICO DE SIMONE
Est. Net Worth: $400 Million           
Source: CONSTRUCTION

#28 B.K. AMANDI
Est. Net Worth: $400 Million             
Source: ENGINEERING

#29 BHAGWAN KHUBCHANDANI
Est. Net Worth: $380 Million        
Source: RETAIL

#30 MACDONALD VASNANI 
Est. Net Worth: $360 Million        
Source: SHIPPING

#31 JOHN TAYLOR 
Est. Net Worth: $355 Million          
Source: DIVERSIFIED

#32 THE SOLOMON LABA FAMILY
Est. Net Worth: $350 Million        
Source: MATTRESS

#33 KWAKU BEDIAKO
Est. Net Worth: $350 Million        
Source: DIVERSIFIED

#34 KOFI AMOAH      
Est. Net Worth: $341 Million        
Source: DIVERSIFIED

#35 CHRIS CHINEBUAH
Est. Net Worth: $330 Million         
Source: OIL & GAS

#36 OKO-NIKOI DZANI 
Est. Net Worth: $324 Million        
Source: FINANCE

#37 KWAME BAWUAH-EDUSEI
Est. Net Worth: $300 Million          
Source: DIVERSIFIED

#38 TONY OTENG-GYASI
Est. Net Worth: $300 Million          
Source: CABLES

#39 TOGBE AFEDE XIV
Est. Net Worth: $280 Million          
Source: INVESTMENTS

#40 GEORGE OWUSU
Est. Net Worth: $278 Million         
Source: DIVERSIFIED
#41 ERNEST BEDIAKO SAMPONG 
Est. Net Worth: $276 Million           
Source: PHARMACEUTICALS

#42 FAWZI WOLLEY
Est. Net Worth: $275 Million          
Source: RETAIL

#43 FRANK ACHAMPONG
Est. Net Worth: $275 Million          
Source: ROAD SIGNAGE

#44 MICHAEL AGYEKUM ADDO
Est. Net Worth: $270 Million           
Source: PHARMACEUTICALS

#45 KEN OFORI-ATTA
Est. Net Worth: $260 Million          
Source: INVESTMENTS

#46 YUSIF IBRAHIM 
Est. Net Worth: $255 Million          
Source: DIVERSIFIED

#47 THE ADDISON FAMILY
Est. Net Worth: $250 Million          
Source: CEMENT

#48 KATE QUARTEY-PAPAFIO 
Est. Net Worth: $250 Million          
Source: CABLES

#49 KELI GADZEKPO
Est. Net Worth: $235 Million            
Source: INVESTMENTS

#50 KWAME ACHAMPONG-KYEI
Est. Net Worth: $233 Million            
Source: INSURANCE

#51 PAK-WO SHUM
Est. Net Worth: $227 Million            
Source: AVIATION

#52 WILLIAM ATO ESSIEN
Est. Net Worth: $220 Million         
Source: FINANCE

#53 FRANK OWUSU SEKYERE
Est. Net Worth: $213 Million         
Source: ALCOHOL

#54 TANAL GHANDOUR 
Est. Net Worth: $200 Million       
Source: COSMETICS

#55 NENE DROLO BOSSO ADAMTEY  
Est. Net Worth: $200 Million           
Source: INVESTMENTS  

#56 THE PEPERA FAMILY
Est. Net Worth: $180 Million          
Source: AUTOMOBILE 

#57 PRINCE KOFI AMOABENG  
Est. Net Worth: $170 Million          
Source: FINANCE

#58 KWAME OFOSU BAMFO
Est. Net Worth: $170 Million          
Source: PAINTS

#59 VICTOR ALHASSAN  
Est. Net Worth: $167 Million            
Source: OIL & GAS

#60 NIK AMARTEIFIO
Est. Net Worth: $163 Million            
Source: INVESTMENTS

#61 KOFI NSIAH POKU
Est. Net Worth: $160 Million         
Source: PHARMACEUTICALS

#62 ERNEST OFORI SARPONG
Est. Net Worth: $160 Million           
Source: DIVERSIFIED

#63 JOSEPH NSONAMOAH
Est. Net Worth: $155 Million             
Source: FINANCE

#64 EMMANUEL ABLEDU
Est. Net Worth: $152 Million            
Source: OIL & GAS

#65 QUINCY SINTIM-ABOAGYE
Est. Net Worth: $150 Million            
Source: PETROLEUM

#66 YAW ADU-GYAMFI  
Est. Net Worth: $144 Million          
Source: PHARMACEUTICALS

#67 OSEI KWAME
Est. Net Worth: $142 Million           
Source: MEDIA

#68 SETH KWASI DEI
Est. Net Worth: $140 Million           
Source: DIVERSIFIED

#69 GIFTY LAMPTEY 
Est. Net Worth: $135 Million           
Source: FERTILIZERS

#70 THE FRIMPONG-ANSAH FAMILY
Est. Net Worth: $130 Million     
Source: TEXTILES

#71 JOHN SACKAH ADDO 
Est. Net Worth: $128 Million            
Source: FINANCE

#72 MIKE NYINAKU
Est. Net Worth: $125 Million            
Source: DIVERSIFIED

#73 JUSTICE TAYLOR
Est. Net Worth: $125 Million            
Source: DIVERSIFIED

#74 TORGBOR MENSAH
Est. Net Worth: $120 Million            
Source: ADVERTISING

#75 EDWARD BOATENG
Est. Net Worth: $118 Million          
Source: MEDIA

#76 SAMIR KALMONI
Est. Net Worth: $115 Million            
Source: FAST FOOD   

#77 TUTU AGYARE
Est. Net Worth:  $110 Million           
Source: HEDGE FUND

#78 KWASI TWUM
Est. Net Worth: $110 Million             
Source: MEDIA

#79 GRACE AMEY-OBENG
Est. Net Worth: $100 Million           
Source: COSMETICS

#80 SANDY OSEI-AGYEMAN
Est. Net Worth: $100 Million           
Source: COSMETICS